@oliver6082 on EURUSD | PriceONN Community
Just closed out my EURUSD long position for the weekend. Didn't want to risk any surprise gap moves on Monday. Small profit is better than a potential loss, right? I'll re-evaluate my strategy on Sunday evening and see if there's a better entry point next week. Anyone else doing the same?
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Okay, so, about that short position... I've been looking at the charts again, and I'm seeing a lot of conflicting signals. The 50-day SMA is still acting as support, but that RSI is creeping up. It could go either way tbh. My main concern is that if the Eurozone releases some positive economic data, we could see a significant jump on Monday morning. That would wipe out my hedge pretty quick. So, maybe I'll just stick to the sidelines and watch what happens. Better safe than sorry, I guess. What do you guys think?
Update: Actually, thinking of maybe opening a small short position instead... just a hedge in case the euro weakens over the weekend. Very small, though!